With the Porsche automaker being a luxury brand, people assume you have to go with new and seldom consider a pre-owned model as a feasible option. However, a used Porsche car in Nashua, NH still retains the same luxurious feel and ambiance as a new model.
The Price Difference
Many people would love to own a luxury vehicle. The cost, though, is often a barrier. A used car with a model year from two to four years ago, though, is about $5,000 to $9,000 lesser than a new vehicle of the same model. That cost difference may just be enough to put the price within your budget.
Luxury Car Depreciation
Depreciation is always a significant consideration. Luxury cars, on average, depreciate at a slower rate than a normal vehicle, though the depreciation rate varies between brands. It also varies between models. The Porsche brand actually has one of the lowest depreciation rates. It came in 5th-place in a list of top 10 cars with the lowest depreciation and best resale value. The list comes courtesy of Business Insider.
Remember, a used car depreciates at a slower rate than a new car, since most of the depreciation occurs within the first five years.
Financing is available for both new and pre-owned cars. On average, financing for new car purchases and leases tend to have better interest rates than that for a pre-owned car. The average finance for a 36-month lease for a Porsche 911, for example, is 3.71%, whereas the financing for a pre-owned Porsche 911 is 4.11%, a difference of less than 1%, so it’s mainly a non-factor.
Come by Porsche Nashua to see both our new and pre-owned inventory. We have been and continue to remain open during COVID-19.